24 May '11, 5am

Singapore petrol and diesel prices fall for the second time in two weeks

Singapore petrol and diesel prices fall for the second time in two weeks

A petrol pump attendant at work. Petrol and diesel prices have fallen for the second time in two weeks. -- ST PHOTO: NEO XIAOBIN PETROL and diesel prices have fallen for the second time in two weeks as simmering worries about the global economy weighed on oil prices. Caltex made the first move on Monday 6pm when it lowered pump prices by three cents a litre across the board. Singapore Petroleum Co (SPC) matched the reduction at 7pm, followed by Shell at 9pm. Esso - the largest retailer here - was the last to react, lowering prices at 10am Tuesday. After the adjustment, 95 and 92-octane petrols at SPC and Caltex are $2.04 and $1.99 a litre respectively. SPC's 98 is $2.09 while Caltex's 98 - which it pegs against Shells' V-Power - is $2.175 a litre. Shell fuels remained the costliest. Its 95 and 98-octane petrols are $2.045 and $2.095 a litre respectively, while its V-Power ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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